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Market Updates

During the process of buying or selling a home, countless questions are bound to surface regardless of how "seasoned" you are in Real Estate.  Some questions are easily answered, however others may require a bit of research and study.   I understand how difficult it can be to sift through the mountain of information out there in order to find answers that are relevant and meaningful to you.  

As a firm believer in "knowledge is power," I do my best to educate and inform my Buyers and Sellers about the current market conditions and the process involved once you have made the decision to move.     

If you would like to receive regular Market Updates or newsletters please contact me at dodi.t@shaw.ca or call me at 604-644-3634

Latest News

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The Real Estate Board of Metro Vancouver reports

"Home buyer activity returned to more typical summer levels in Metro Vancouver* in July, with sales 0.7% above the 10-year average for the month. Housing demand is inconsistent across the region right now, with pockets of the market still receiving multiple offers while others are not. This varying market-by-market demand is due to a combination of price, property type and location. With a normal summer slow down in buyer activity, we saw the selection of homes for sale in the region edge above 9,000 properties for the first time in 2017. 

 

The key to success in any market is to be well prepared, and getting you ready for all market conditions is my top priority in 2017! If you are planning a change in lifestyle this fall, let's work together to make it happen. I look forward to working for you. Regards, Dodi 604.644.3634

 

The MLS® HPI Benchmark Price of residential properties in July 2017 vs July 2016 were:

  • Metro Vancouver: +1.9% for a single family home, +18.5% for a condo, and +11.9% for a townhome
  • North Vancouver: +0.5% for a single family home, +17.2% for a condo, and +6.1% for a townhome
  • West Vancouver: -6.1% for a single family home and +14.7% for a condo
  • Coal Harbour -0.7% for a condo
 

Market types for July 2017

  • Metro Vancouver's Detched properties is a balanced market at 16.4% with 987 sales out of 5,838 listings
  • Metro Vancouver's Condo properties is a seller's market at 61.3% with 1,473 sales out of 2,401 listings
  • Metro Vancouver's Townhome properties is a seller's market at 53.2% with 500 sales out of 940 listings
  • North Vancouver Detached properties is a sellers market at 23.5% with 81 sales out of 344 listings
  • North Vancouver Condo properties is a seller's market at 58.1% with 79 sales out of 136 listings
  • North Vancouver Townhome properties is a seller's market at 60.7% with 37 sales out of 61 listings
  • West Vancouver Detached properties is a buyer's market at 8.2% with 41 sales out of 500 listings
  • West Vancouver Condo properties is a balanced market at 19.6% with 11 sales out of 56 listings
  • West Vancouver Townhome properties is a seller's market at 26.7% with 4 sales out of 15 listings
  • Coal Harbour Condos are in a seller's market at 30.8% with 20 sales out of 65 listings

 

Read your full April reports here: North VancouverWest VancouverVancouver West

If you are interested in a report for another market don't hesitate to contact me: 604.644.3634 or dodi.t@shaw.ca

 

*Areas covered in Metro Vancouver include: Downtown Vancouver, Vancouver West, Vancouver East, North Vancouver, West Vancouver, Richmond, Tsawwassen, Ladner

 

The accuracy and completeness of the information is not guaranteed. Data was current on August 2, 2017 from the Real Estate Board of Greater Vancouver                                             

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604–644–3634
dodi.t@shaw.ca

RE/MAX Dodi Thorhaug Realty
#101-2609 Westview Drive North Vancouver, BC V7N 4M2 Canada

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